The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing use of IoT devices is likely to spur innovation in harvesting technology production, propelling the market during the forecast period.

The global harvesting technology market is expected to grow from $12.16 billion in 2022 to $12.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global harvesting technology market size is expected to reach $16.18 billion in 2027 at a CAGR of 5.7%.

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Global Harvesting Technology Market Segments Include:

• By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Frequency Energy Harvesting, Thermal Energy Harvesting, Radio Frequency Energy Harvesting
• By Component: Power Management Integrated Circuits, Storage System, Transducers, Sensors, Other Components
• By Application: Horticulture, Greenhouse, Crops, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global harvesting technology market in 2021.

Major Market Players in the harvesting technology market include Cymbet Corporation, Mide Technology Corporation, Powercast Corporation, Analog Devices Inc., Cymbet Corporation, EnOcean GmBH, Convergence wireless LLC.

Product innovation has emerged as a major trend in the harvesting technology market. Major market players are focusing their efforts on developing novel products in order to strengthen their market position. For example, Deere & Company, a US-based producer of agricultural and turf equipment, will introduce its new high-capacity X9 combine in August 2020 as part of its X Series range of harvesting equipment. The X9 combine is intended to boost productivity and efficiency while lowering farmers’ operational costs. The X9 combine’s capacity to manage difficult harvesting conditions, such as high-yielding crops or wet fields, is one of its distinguishing attributes.

The Harvesting Technology Global Market Report 2023  provides a harvesting technology market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The harvesting technology market forecast analyzes harvesting technology market size, harvesting technology market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Harvesting technology refers to the procedures and equipment used to gather crops or plants from the field. It is an important component of contemporary agriculture since it allows farmers to gather crops or plants more efficiently and effectively.

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